Can I retire at age 67 with 4,200,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,200,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$346,832$343,743$340,729$337,787$334,914$327,483
2 years$171,699$168,501$165,402$162,397$159,483$152,035
3 years$113,329$110,117$107,026$104,050$101,182$93,950
4 years$84,150$80,948$77,888$74,962$72,164$65,203
5 years$66,647$63,464$60,444$57,578$54,858$48,188
6 years$54,982$51,823$48,848$46,046$43,407$37,035
7 years$46,653$43,521$40,593$37,857$35,302$29,228
8 years$40,409$37,306$34,426$31,757$29,286$23,510
9 years$35,556$32,481$29,651$27,050$24,663$19,179
10 years$31,675$28,631$25,850$23,317$21,014$15,817
11 years$28,502$25,488$22,758$20,293$18,073$13,156
12 years$25,860$22,877$20,197$17,800$15,662$11,017
13 years$23,626$20,674$18,045$15,714$13,657$9,276
14 years$21,712$18,792$16,214$13,950$11,972$7,846
15 years$20,056$17,167$14,639$12,441$10,541$6,660
16 years$18,608$15,750$13,272$11,139$9,316$5,672
17 years$17,331$14,505$12,077$10,008$8,260$4,842
18 years$16,198$13,404$11,025$9,020$7,345$4,143
19 years$15,185$12,422$10,093$8,150$6,547$3,551
20 years$14,274$11,543$9,263$7,381$5,847$3,048
21 years$13,452$10,752$8,520$6,699$5,233$2,621
22 years$12,705$10,037$7,852$6,091$4,690$2,255
23 years$12,024$9,387$7,250$5,547$4,210$1,943
24 years$11,401$8,795$6,705$5,059$3,784$1,675
25 years$10,828$8,254$6,210$4,621$3,405$1,445
26 years$10,301$7,757$5,760$4,225$3,067$1,247
27 years$9,813$7,301$5,348$3,867$2,766$1,077
28 years$9,361$6,879$4,972$3,543$2,495$931
29 years$8,941$6,490$4,627$3,249$2,253$805
30 years$8,549$6,129$4,310$2,982$2,036$696
31 years$8,184$5,794$4,018$2,739$1,841$602
32 years$7,842$5,482$3,749$2,517$1,665$521
33 years$7,522$5,192$3,500$2,314$1,507$451
34 years$7,221$4,921$3,270$2,129$1,364$390
35 years$6,937$4,667$3,058$1,960$1,236$338
36 years$6,671$4,430$2,860$1,805$1,120$292
37 years$6,419$4,207$2,677$1,663$1,015$253
38 years$6,181$3,998$2,507$1,533$920$219
39 years$5,956$3,802$2,349$1,414$834$190
40 years$5,742$3,617$2,202$1,304$757$164
41 years$5,540$3,443$2,064$1,203$687$142
42 years$5,347$3,279$1,937$1,110$623$123
43 years$5,164$3,125$1,817$1,025$565$107
44 years$4,990$2,978$1,706$946$513$93
45 years$4,824$2,840$1,602$874$466$80
46 years$4,666$2,709$1,504$807$423$69
47 years$4,515$2,586$1,413$746$384$60
48 years$4,371$2,468$1,328$689$349$52
49 years$4,233$2,357$1,248$637$317$45
50 years$4,101$2,252$1,174$589$288$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 67 starting with $4,200,000, adding $6,568 every year, while hoping to spend $40,286 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/35/23 Blend
66$4,200,000$4,200,000$4,200,000$4,200,000
67$4,635,175$4,412,575$4,347,475$4,798,379
68$5,065,099$4,585,927$4,450,251$5,088,802
69$5,537,525$4,766,423$4,555,121$5,398,748
70$6,056,745$4,954,371$4,662,110$5,733,596
71$6,627,490$5,150,092$4,771,247$6,095,657
72$7,254,968$5,353,921$4,882,559$6,487,475
73$7,944,921$5,566,209$4,996,070$6,911,840
74$8,703,672$5,787,322$5,111,808$7,371,820
75$9,538,190$6,017,644$5,229,796$7,870,788
76$10,456,150$6,257,574$5,350,060$8,412,448
77$11,466,012$6,507,530$5,472,622$9,000,874
78$12,577,096$6,767,949$5,597,505$9,640,547
79$13,799,668$7,039,287$5,724,730$10,336,391
80$15,145,044$7,322,022$5,854,318$11,093,823
81$16,625,689$7,616,652$5,986,288$11,918,801
82$18,255,339$7,923,697$6,120,659$12,817,877
83$20,049,129$8,243,704$6,257,446$13,798,262
84$22,023,736$8,577,241$6,396,666$14,867,886
85$24,197,535$8,924,904$6,538,332$16,035,476
86$26,590,774$9,287,314$6,682,457$17,310,635
87$29,225,763$9,665,123$6,829,049$18,703,932
88$32,127,087$10,059,011$6,978,119$20,226,996
89$35,321,836$10,469,688$7,129,672$21,892,629
90$38,839,859$10,897,899$7,283,712$23,714,920
91$42,714,050$11,344,421$7,440,241$25,709,379
92$46,980,652$11,810,067$7,599,259$27,893,081
93$51,679,606$12,295,687$7,760,761$30,284,822
94$56,854,921$12,802,171$7,924,742$32,905,298
95$62,555,094$13,330,448$8,091,192$35,777,294
96$68,833,565$13,881,492$8,260,098$38,925,899
97$75,749,223$14,456,319$8,431,445$42,378,737
98$83,366,959$15,055,994$8,605,214$46,166,231
99$91,758,280$15,681,629$8,781,380$50,321,879
100$101,001,985$16,334,389$8,959,916$54,882,574